HOW TO HANDEL LOSS IN FNO IN INCOME TAX
This query is : Resolved
21 March 2011
IN CURRENT YEAR (01-04-10 TO 31-03-11) FOLLOWING ARE INCOME OR LOSS : (A) PENSION INCOME:2.5 LACS INTREST INCOME :2.00 LACS AND LOSS IN FNO (derivatives):2.00 LACS , WHAT IS MY TAX LIBALITY,MAY I SETOFF THIS LOSS WITH INTREST INCOME OR PENSION INCOME IF NOT THEN MAY I CARRYOVER THIS LOSS FOR NEXT YEAR (& HOW MUCH YEAR). PL ADVISE
CA Navin Jain
(Expert)
22 March 2011
what is fno
23 March 2011
NAVIN SIR, FNO MEANS FUTURES AND OPTION OR SAY DERIVATIVES LOSS IN STOCK MARKET
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